30-192.7 - Dr. Martin Luther King, Jr. Commission Fund established. - Virginia Statutes

§ 30-192.7. Dr. Martin Luther King, Jr. Commission Fund established.

There is hereby created in the state treasury a special nonreverting fund tobe known as the Dr. Martin Luther King, Jr. Commission Fund, hereafterreferred to as "the Fund." The Fund shall be established on the books ofthe Comptroller. All moneys, including gifts, donations, grants, bequests,and other funds from any source as may be received by the Commission, shallbe paid into the state treasury and credited to the Fund. Interest earned onmoneys in the Fund shall remain in the Fund and be credited to it. Any moneysremaining in the Fund, including interest thereon, at the end of each fiscalyear shall not revert to the general fund but shall remain in the Fund.Moneys in the Fund shall be used solely for the purposes of supporting theCommission's work and as seed money to generate additional funds.Expenditures and disbursements from the Fund shall be made by the StateTreasurer on warrants issued by the Comptroller upon written request signedby the chairman, upon the approval of a majority of the members of theCommission.

(2003, cc. 1035, 1037; 2005, c. 731.)